Category Archives: Aviation

• Jayant Sinha: Demand soaring, India needs to triple airport capacity

  Posted on February 22, 2017 by Diligentia News in Aviation.

  Citing the rising demand of domestic aviation in the country, Union Minister of State for Civil Aviation, Jayant Sinha today stated that the construction of new greenfield airports and new terminals in Pune and Delhi will meet the demand. Speaking at an interview with CNBC TV18, Jayant Sinha further mentioned the need to triple airport […]

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• Hitting an air-pocket

  Posted on February 22, 2017 by Diligentia News in Aviation.

  The paradox is striking. On the one hand, more and more Indians are taking to the skies. But on the other, airlines’ bottom-lines are shrinking. In the recent December quarter, domestic air passenger traffic grew 23 per cent y-o- y to 2.72 crore. But all the three listed carriers — IndiGo Airlines, Jet Airways and […]

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• Pre-devpt works at Navi Mumbai airport site enter final stretch

  Posted on February 22, 2017 by Diligentia News in Aviation.

  The last tranche of pre-development works for the Navi Mumbai International Airport (NMIA) — in this case, major actions like flattening a hill and diverting a river to create a level ground for the runways and terminals — is in the final stretch. Two city infrastructure companies are in the race for the Rs 545-crore […]

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• Air India to raise $250 mn through sale-and-lease-back of 2 Dreamliners

  Posted on February 21, 2017 by Diligentia News in Aviation.

  State-owned carrier Air India has put on sale two more Dreamliners (Boeing 787—800) to raise $250 million (nearly Rs. 1,700 crore) for the repayment of short-term loan obtained earlier for purchasing these planes. The airline would also lease back these two Boeing 787—800s under an operating lease for a period of up to 12 years […]

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• Aerospace engineering co Aequs to set up ₹500-cr facility in Goa

  Posted on February 21, 2017 by Diligentia News in Aviation.

  Aerospace precision engineering and manufacturing company Aequs announced at Aero India 2017 that it is setting a dedicated facility for Indian defence production in Goa. The company’s multi capability aerospace and defence manufacturing facility will come up at Tuem, Goa. Aequs, which entered into the defence manufacturing business in 2013, has been actively looking for […]

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• India’s first dedicated heliport to open in Delhi on February 28

  Posted on February 21, 2017 by Diligentia News in Aviation.

  The capital will soon get India’s first dedicated “heliport” for flying in and out of Delhi to nearby areas in choppers. Aviation secretary R N Choubey said the Rs 100-crore project will be inaugurated on February 28 and will be an integrated one with a chopper maintenance, repair and overhaul (MRO) unit part of the […]

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• GMR wants to demerge airport arm; seeks lenders’ nod

  Posted on February 21, 2017 by Diligentia News in Aviation.

  GMR Infrastructure which operates the New Delhi international airport and the Hyderabad international airport has sought the approval of its lenders to demerge its airports arm and list it separately, according to a tweet by CNBC TV18. GMR Infrastructure which operates the New Delhi international airport and the Hyderabad international airport has sought the approval […]

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• Over to Hisar: New airport and aviation hub coming soon

  Posted on February 21, 2017 by Diligentia News in Aviation.

  Good news for the city: Hisar would soon get an airport. A feasibility report and the Centre’s approval have come in to air-link this counter-magnet city to other parts of the country. Capt DK Punia, executive director of Haryana Institute of Civil Aviation, said that initially the city would be linked to Delhi, Chandigarh and […]

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• A perfect storm gathers for India’s airlines

  Posted on February 21, 2017 by Diligentia News in Aviation.

  The nascent recovery in India’s airline industry is under threat as rising costs and seat capacity combine with a crippling lack of airport infrastructure to hobble growth prospects. India’s carriers are likely to report combined losses of as much as $380 million to $450 million in the year to March, 2018, according to a recent […]

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• Competition led to 30% airfare drop in India: Ashok Gajapathi Raju

  Posted on February 20, 2017 by Diligentia News in Aviation.

  The Union Civil Aviation Ministry’s role in ensuring competition between commercial airline companies, along with fall in oil prices globally, led to a drop in air fares by as much as 30 per cent, a minister said on Saturday. “If we are looking at the country as a whole, then average airfares have actually fallen […]

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